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Mota-Engil Africa Pulls IPO, page-58

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dugsab

16,688 Posts.

2605

16/07/14

16:22

Post #: 13669164
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Originally posted by shares007 ↑

Cash on hand is going to be the next drama. I reckon they have burnt through at least 10 million for the quarter and with only 26 million left at the end of March I'd suggest they only have around 16 million on hand as of June 30. So it is just a matter of when for the capital raising now and I also expect the money to be raised at a big discount to market this timeas it has been in the past so could we be looking at a raising in the high 5's to low 6's region.

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Hi shares,

Your burn rate seems very high...which comes as no surprise.

The quarterlys are due within the next 10 trading days, so I'll keep these numbers handy and reserve my comments regarding your accounting competence and CR scaremongering till then.

Regards

SDL Price at posting: 8.4¢ Sentiment: Buy Disclosure: Held
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